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Listed 2 months ago

89 October Drive

437 - Lakeshore, St. Catharines

$2,888,000

Detached|Bungalow
4 | 5 | 8
About this home

Custom-built one-owner masterpiece. This extraordinary home is located on Lake Ontario on a tucked-away quiet cul-de-sac. All one-floor living (bungalow style) with added upper living space plus a full finished lower level all above grade. So many possibilities for a single or extended family. Very impressive entry opens to a very large great room with wall-to-wall windows viewing Lake Ontario and Toronto skyline. Vaulted ceilings, rich wood beams and Schonberg wood floors. The elegant yet massive dining room has a butler's pantry (sink and appliances) that connects to the large custom Nucraft kitchen that features heated porcelain floors, W.I. pantry, island, 2 sinks and 5 upscale appliances. Off the kitchen eating area is a waterfront balcony with access to the yard. The main floor primary suite has a large W.I. closet, 5 pc ensuite with 2 vanities, heated floor and steam shower. The lakefront bedroom has French doors to the lake viewing balcony. A stunning office, 2 pc and a large laundry room complete the main floor. A wow is the private guest/in-law suite with 3 pc bathroom, sitting area and kitchen. The lower level is fully above grade for 2 bedrooms, and a family room with a gas fireplace. A kitchenette and 6 pc bath services this level. A large office with window could be a bedroom. The large backyard has the lake as a background. 18x36ft inground heated pool, poolhouse with kitchen and 4 pc bathroom. Amazing landscaping all around. Enjoy the peace and excitement of lakefront living with all the city conveniences.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$21,000
Lot Size69.58 ft x 196.06 ft
mls© NumberX13542286
Listed ByMCGARR REALTY CORP, BROKERAGE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,782
Property tax
$1,750
Heat allowance
$150
Housing costs
$16,682 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $577,600
25-yr amortization

Income needed

$513,000

gross annual household income

Payment at 4%
$12,153 / mo
Cash down
$577,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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